5 charts that explain what's really going on in the economy
The sluggish manufacturing sector is not the only thing to blame.
Singapore averted a technical recession in 3Q15, after final estimates surprisingly showed the economy expanding by 1.9% QoQ. Expansions in services and domestic demand offset the continued declines in manufacturing and net exports amid easing construction sector.
Here are charts provided by MayBank KimEng to better understand the results announced last Monday.